© Leonhard Foeger / Reuters
The price of gold has risen 12 percent this year, and the surge will only continue, according to bank Intesa Sanpaolo, marked by Bloomberg as the best forecaster for the metal last quarter. Analysts at Saxo Bank agree.
The precious metal approached $1,300 per troy ounce on Tuesday before retreating to $1,283 on Wednesday.
Intesa analyst Daniela Corsini told
Bloomberg prices could fall in mid-year as the US Federal Reserve hikes interest rates, but they are likely to bounce back, reaching $1,350 an ounce at year-end.
"Markets will surely remain nervous about this uncertainty. And if economic data in the US remains strong, then gold will regain its role as an inflation hedge," she told the media.
Comment: Update: RT is reporting that ISIS has claimed responsibility for both attacks: See also: At least 21 dead, 38 injured in coptic church bombing north of Cairo
Update (April 19): A suspect has been detained: